PLS 5.69% $3.16 pilbara minerals limited

Michael Langford & Ken Brinsden, page-51

  1. 9,111 Posts.
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    In answer to TTMI's request denied by the company, I have copied the relevant sections of the act.
    To tell him he cannot have access to the register of members of the company is an offence from what I can make out from below.
    However it is available at the company's registered office, so theoretically if was to go there in person you would get a copy.
    In this day and age, it should be sent by email as I explained earlier, and what he was told was a no-no.
    A non-shareholder can be charged a fee to get access, but the info is available to all members, or in this case owners of the company.
    I had to remind the receptionist that as a shareholder I have a legal right for a current list of the top 20. However in theory they could make me have to go to WA to see the register and make a copy, but that would be exceptionally poor shareholder relations. I expect to have an up to date copy this afternoon of the top 20 holders.

    Corporations act.  2001 - SECT 173
    Right to inspect and get copies
    A company or registered scheme must allow anyone to inspect a register kept under this Chapter. If the register is not kept on a computer, the person inspects the register itself. If the register is kept on a computer, the person inspects the register by computer.
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    Note: Other provisions that are relevant to the inspection of registers are:
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    * section 1300 (place and times for inspection)
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    * section 1301 (the location of documents that are kept on computers)
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    * section 1306 (form and evidentiary value).

    SECT 1300

    Inspection of books
    (2A)  If a person asks a proprietary company in writing to inspect a particular book of the company that the person has a right to inspect, the company must make it available within 7 days, for inspection by the person at the place where it is required to be kept.
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      (2B)  An offence based on subsection (2A) is an offence of strict liability.
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    Note:   For strict liability , see section 6.1 of the Criminal Code .
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    (3)  A person permitted by this Act to inspect a book may make copies of, or take extracts from, the book and any person who refuses or fails to allow a person so permitted to make a copy of, or take an extract from, the book is guilty of an offence.
 
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